Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the eurozone, the BNB announced. The meeting was held in Sofia at the invitation of Hungarian Ambassador Miklós Boros within the framework of the Hungarian Presidency of the EU. The current state and prospects for the Bulgarian economy, finances and preparations for Bulgaria's accession to the monetary union were discussed. The BNB Governor pointed out the need for political, institutional and fiscal consolidation as a key element of the current agenda.
Meanwhile, on December 3, the BNB launched the TIPS (Target Instant Payment Settlement) service in the country, which allows instant local and cross-border transactions in euros, the central bank's press center announced.
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..
The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..
After the controversial success of the "Green Deal" and carbon emission quotas, which made electricity in Europe much more expensive..
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